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The future of the 8 - bit microcontroller market looks promising with opportunities in the aerospace and defense, consumer electronics, automotive, industrial, healthcare, and data processing and communication industries. The global 8 - bit microcontroller market is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major growth drivers for this market are growing adoption of microcontrollers in the automotive sector and surging awareness regarding smart energy management with technological advancements.
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Growth in various segments of the 8- bit microcontroller market are given below: